1245 S Martin Luther King Jr Ave #304ClearwaterFL33756
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Clearwater at 1245 S Martin Luther King Jr Ave #304, Clearwater, FL, 33756 earns $1,397/mo cash flow from $2,329/mo rent with a $687/mo payment. Total monthly income totals $2,329/mo, and annual cash flow totals $16,770/yr on $46,543 capital. ROI tracks 55.94% on current figures, and rental yield reads 19.91% at a $140,400 purchase. Equity gained on principal adds $906/yr, and 5% annual appreciation supports $38,790 over five years. Five-year ROI reaches 296.72% and total cumulative return in cash sums $138,100. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,329/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33756, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,802 (100%) |
| Owner Occupied HU | 8,655 (51.5%) |
| Renter Occupied HU | 6,010 (35.8%) |
| Vacant Housing Units | 2,137 (12.7%) |
| Median Home Value | $416,941 |
| Average Home Value | $528,669 |
Housing Distribution
Address Breakdown
Residential
15,099
Single Family
10,738
Multi-Family
4,361
Businesses
1,130
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Listed by: N/A • N/A
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